Political Quotes

“I along with Finance Committee member Senator Cassidy are introducing a bill to make a common-sense, low-cost change to the law that will help American workers help themselves when preparing for retirement: The Know Your Social Security Act. This bill is simple: it clarifies the law about Congressional intent so that every worker over 25 receives a Social Security statement in the mail each year, unless the worker has accessed their statement online or declined to receive the statement in the mail. The history of the Social Security statement runs right through the Senate and the ``powerful'' Committee on Finance. Senator Daniel Patrick Moynihan summed up the intent very well: ``All of us pay into Social Security but rarely, until we become beneficiaries, do we ever hear from Social Security . . . . in every paycheck, we see money withheld for Social Security, but we hear nary a word from the Social Security Administration. Let us take this simple step [sending statements] to reassure Americans that Social Security will be there for them.'' The Social Security statement has three goals: to provide workers with information about their Social Security benefits, to help workers plan for the future, and enable workers to review their earnings records. After enactment and once fully phased in, every worker aged 25 and older received an annual statement from Social Security starting in the year 2000.…”